Budget: Hunt should prioritise cutting ‘damaging’ stamp duty rather than income tax, IFS says February 27, 2024 Despite the government's parlous fiscal position, with debt at its highest level since the 1960s, Jeremy Hunt is all but certain to unveil tax cuts in the Budget next week.
Hunt says his ‘priority is backing British business’ as he hints at tax cuts November 19, 2023 Jeremy Hunt has hinted that the autumn statement may contain more tax cuts for businesses in a bid to fire up the UK’s economy.
Earning £50,000 a year? Your tax bill is set for a £2,000 hike November 15, 2023 According to research from interactive investor, people earning £50,000 a year will pay an additional £1,967 by 2027 compared to if the tax thresholds had risen in line with inflation.
Calls to cut taxes show ‘questionable judgement’, economists warn August 23, 2023 Economists have warned that calls from Conservative MPs for Chancellor Jeremy Hunt to cut taxes after improved borrowing data emerged show “questionable judgement”. Three backbench Conservatives piled the pressure on, according to the Financial Times, with calls for “personal tax reductions” to “stimulate the economy”. The pleas came after figures from the Office for National [...]
‘Can’t come soon enough’: Will Sunak follow through on 2p tax cut reports? June 4, 2023 Rishi Sunak’s mooted plans to reduce the tax burden from a seven-decade high with a 2p cut in income tax ahead of the next election have been welcomed by Tory campaigners. Reports surfaced in the Sunday Telegraph that the PM – an ex-City banker – is keen to cut charges in order to incentivise work [...]
Could IFS project help solve the UK’s pensions crisis? April 20, 2023 A two year project which aims to come up with long-term solutions to the UK’s pensions crisis has been launched by the Institute for Fiscal Studies in partnership with abrdn’s Financial Fairness Trust. The Pensions Review will run for two and a half years and “comprehensively assess the consequences of current pension policy, the economic [...]